HALISTER: Spain’s Banco Popular Said to Study Measures to Boost Liquidity

Spain’s Banco Popular Said to Study Measures to Boost Liquidity

(Bloomberg) -- Lender reviewing how to bolster liquidity after a drain from deposit withdrawals and a deterioration of its credit, according to people familiar with the matter.
  • The Madrid-based bank, racing to sell assets and find a buyer, plans to meet Tuesday with the European Central Bank to discuss options, the people said, asking not to be identified as the plans are private.
  • Popular may request additional central bank loans, one of the people said.
  • A spokesman for Popular said the bank won’t confirm or comment on its meetings with the ECB, which have no specific agenda.

Alert: HALISTER
Source: BFW (Bloomberg First Word)

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POP SM (Banco Popular Espanol SA)

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